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In 2017, treasury was empty, UP now revenue surplus: Adityanath
The Uttar Pradesh chief minister discusses the state's fiscal turnaround since 2017, describing an initially empty treasury and limited access to loans, contrasted with today’s revenue surplus funding large projects. He cites the JPNIC project as an example of past mismanagement, claims a large Ganga Expressway was completed without bank loans, and notes increases in excise revenue, women’s audit participation, and employment through MSME schemes.
Why It Matters
The statements frame UP's financial health and governance narrative, highlighting claimed policy successes and financial reforms to supporters and critics alike.
Timeline
6 Events
May 4, 2026: Employment generated through MSME schemes
May 4, 2026
The CM said government policies have generated employment for around 3 crore people in the MSME sector, with schemes such as Drone Didi, Lakhpati Didi, BC Sakhi, dairy initiatives, PM Startup and the Chief Minister’s Youth Entrepreneur Scheme helping youth and women.
May 4, 2026: Women's participation in audits highlighted
May 4, 2026
The CM cited women's participation in audits: 78 women among 371 selected in cooperative and panchayat audit, and 25 women among 129 selected in local fund audit.
May 4, 2026: Excise revenue growth claimed
May 4, 2026
The CM stated that pre-2017 excise revenue was about ₹12,000 crore and has risen to around ₹62,000-63,000 crore, attributed to plugging leakages within the system.
May 4, 2026: Ganga Expressway project completed without bank loans
May 4, 2026
The CM said the nearly 600-km Ganga Expressway project, worth ₹42,000 crore, was completed without bank loans.
2017: JPNIC project started before 2017 with rising cost and incomplete status cited
2017
The CM cited the incomplete Jai Prakash Narayan International Centre (JPNIC) project, which began before 2017, with initial costs of ₹200 crore rising to ₹860 crore, as an example of financial irregularity and mismanagement.
2017: Uttar Pradesh government formed; treasury described as empty
2017
When the government was formed in 2017, the treasury was empty and no bank chairman or CMD was willing to take calls, forcing the government to increase its own resources to fulfill election promises.